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VW’s Board Backs Audi and Porsche Plans to Potentially Join Formula 1 Racing

Photographer: Lluis Gene/AFP/Getty Images

Volkswagen AG has opened the door for Audi and Porsche to pursue separate entries into Formula One racing.

Volkswagen’s supervisory and management boards are backing plans for the luxury-car brands to potentially join the competition as early as 2026, the carmaker said Thursday.